Thursday 25 May 2023

Illinois, US-based fresh, organic speciality products provider KeHE Distributors has agreed to acquire US distributor DPI Specialty Foods, from food & beverage-focussed private equity firm Arbor Investments to enhance capabilities in fresh marketplace, the company said.

Terms of the transaction were not disclosed.

Once complete, the complementary strengths of the two entities will provide a robust nationwide fresh offering and an expanded customer portfolio.

The transaction advances KeHE's partner success and growth objectives through enhanced capabilities in the fresh market and a broadened, complementary customer base.

BMO Capital Markets Corp. served as exclusive financial advisor to KeHE.

KeHE Distributors, LLC is a distributor of fresh, natural & organic, and speciality products to more than 30,000 natural food stores, chain and independent grocery stores, e-commerce retailers, and other speciality products retailers throughout North America.